![]() With Now Assist, it is helping organizations achieve enormous productivity. That’s why it is among the favorite stock predictions for 2024. The Now Platform bundles workflow automation, process mining, customer experience, robotic process automation, low code tools, search and analytics, among other capabilities and could benefit from vendor consolidation.Ĭonsidering the generative AI opportunities, the future for ServiceNow is exciting. According to Gartner, ServiceNow is the leader in IT service management and enterprise low-code application platforms.Īs companies look for cost savings and consolidate their technology vendors, the company will be a huge winner. Throughout the past decade, the company has become an indispensable enterprise productivity tool. Source: Sundry Photography / Īs they stated in their 2023 analyst day, ServiceNow (NYSE: NOW) hopes to be the intelligent platform for end-to-end digital transformation. By applying AI to its rich data sets, Intuit hopes to become a financial assistant in the pocket for its customers. In addition, it has more than 60,000 tax and financial attributes on aspects like expenses, income, cash flow, tax information, credit history, spending history and outstanding loans. The company has an incredible depth of data from its 100 million customers. “Five years ago we declared our strategy to be an AI-driven expert platform, with data and AI core to fueling innovation across our five Big Bets,” said CEO Sasan Goodarzi. In other words, they are developing a platform to support automatic financial processes. In terms of future growth, the company is leveraging artificial intelligence to transform its tax and accounting system. The Online Services segment was also impressive as payroll, Mailchimp and payments helped the segment to 20% growth for the quarter. Revenues from the QuickBooks Online accounting segment surged 22% YOY, driven by higher prices and customer growth. Furthermore, management expects 11% to 12% revenue growth for FY2024. For the full year fiscal 2023, revenues grew 13% and GAAP EPS increased 16%. It reported revenues of $2.7 billion, a 12% year-over-year increase. Looking at results, the latest quarter was another highlight of Intuit’s solid execution. Businesses achieve more productivity in the financial department using the company’s technology. Its software allows organizations to simplify their accounting and tax processes. ![]() Intuit (NASDAQ: INTU) is the go-to tax and accounting platform for small and medium-sized businesses. They are growing amid the uncertain macro and could roar in 2024. Besides, they are AI beneficiaries and Goldman Sachs analysts expect them to have a higher earnings growth than the Standards an Practices (S&P) 500 in 2024. These stock predictions are category leaders. Given this outlook, it is logical to start averaging into the best tech stocks to buy that could do well. Typically, this would be positive for growth stocks. If inflation continues decelerating, the Fed might be at the end of its rate-hiking cycle. Analysts expect this measure to decelerate further. In the August report, it rose only 0.1% month over month. The primary inflation measure the Federal Reserve tracks, the Core PCE, is falling. Notably, after the third quarter selloff, there are several tech stocks to buy that could do well in 2024.Īlthough rising yields have hurt stock prices, taking the longer-term view is advisable. That’s why the sector is a hunting ground for top stock predictions. After an earnings slump in 2023, analysts expect technology stocks to see earnings growth in 2024.
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